30th December 2K20
Ø EU chiefs to sign Brexit trade deal Wednesday
Ø India may impose anti-dumping duty on Chinese PET Resin
Ø Future group firms receive large orders from Reliance
Ø Godrej Consumer forays into home cleaning products
Ø Rolling back of Covid related policy relaxation could impact banks: RBI
Ø Container shortage and high freight likely to affect India’s agricultural exports
Ø Bank asset quality may see sharp deterioration post-moratorium: RBI
Ø AMP Capital forms $1 bn power transmission platform with Sterlite
Ø PE/VC investments into India from China, Hong Kong fall 72% in CY20
Ø Promoters of Vedanta raises $1.4 billion to retire debt, says report
Ø PSBs need to raise additional Rs 43,000 crore in FY22, says Icra
Ø Steel cos blame high cost of iron ore for price hike
Ø Great Eastern pips SCI to become India’s top ship owner by fleet size
Ø DGFT defers certification requirement for rice exports to EU
Ø AirIndia sale: Interups withdraws from race
Ø Jindal Stainless (Hisar) to get merged into Jindal Stainless
Ø Biocon launches Tacrolimus capsules in US
Ø RBI flags post-covid challenges for banks
Ø TTK Prestige scrip captures near-term demand potential
Ø Borrowing 43% more in first 9 months, states fall deeper into debt trap
Ø SEC green-lights direct listing on NYSE
Ø Mexico expects 100,000 Pfizer vaccines by early January
Ø Britain, Turkey reach post-Brexit free trade agreement
Ø India starts probe into alleged exports subsidisation of aluminium item by Malaysia
Ø Maintaining 4 per cent inflation appropriate for India: RBI paper
Ø IBC dominant mode of recovery in 2019-20
Ø Tesla's wait to run on Indian roads in 2021 gets longer
Ø Tata Sons to buy 32.67% stake of AirAsia Group in AirAsia India
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🍊Q. New Due Dates compliance alert
Income Tax and Tax Audit Date Extended.
Tax Audit 15.01.2021
ITR whose Accounts are required to be Audited
15.02.2021
Other ITRs 10.01.2021
Declaration for Vivad se Vishwas 31.01.2021
GST Annual Return for 2019-20 - 28.02.2021
No extension for GST Audit & GST Return for FY 2018-19.
https://twitter.com/IncomeTaxIndia/status/1344260412355665920?s=08
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⚫India has cornered the biggest chunk of overseas investor flows into the emerging markets, after China, in CY20. FPI flows in India for the year stood at $22.6 billion, 58% higher than that in 2019, with energy and financials absorbing the biggest share of flows.
⚫The banking and non banking financial sectors in India showed resilience in 2019-20, but with nearly 40% of the outstanding loans under a moratorium, the system may face a sharp deterioration in asset quality, as per the RBI’s annual publication.
⚫97% Nifty 500 stocks trade above their respective 200 DMA. Stocks crossing 200 DMA are expected to attract more buying momentum with prices seen rallying further
⚫Public sector banks in India will need to raise additional capital worth Rs 43,000 crore in 2021-22.Capital requirement has increased because the call option for their additional tier 1 bonds of Rs 23,000 crore is due in the next financial year.
⚫Private equity/venture capital investments into India from China and Hong Kong have seen a substantial drop in 2020.The new Press Note 3 norms and lack of clarity on what constitutes beneficial ownership are the primary reasons for the decline in investments from China and Hong Kong.
⚫British Prime Minister said a variant of the coronavirus, which could be up to 70% more transmissible, is spreading rapidly in Britain. A separate variant, first found in South Africa, is also causing concern.
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